KuCoin will be launching the 24th Spotlight token sale with Mechaverse (MC) on September 5, 2022 (UTC). The MC token sale will operate using the proportional distribution model.

Learn more about Mechaverse (MC)

Spotlight Token Sale Details:

1. Token Name: Mechaverse (MC)
2. Spotlight Hard Cap: 600,000 USD
3. Spotlight Allocation: 6,000,000 MC
4. Spotlight Token Sale Price: 1 MC = 0.1 USD
5. Token Supported: KuCoin Token (KCS) Only
6. Price Ratio: The actual price ratio of KCS will be announced on the day of the Token Sale
7. Token Sale Format: Proportional Distribution Model (PDM)
8. Spotlight Token Distribution: 50% will be distributed on the Token Generation Event (TGE), then 50% will be distributed in the second month (before the 25th of that month).
9. Total Token Supply: 200,000,000 MC
10. Initial Circulating Supply: 3,000,000 MC
11. Mechaverse Website: https://mechaverse.cc

How to Participate

1. Basic Rule: From 12:00:00 on September 5 to 00:00:00 on September 7, 2022 (UTC), participants must have an average daily KCS holdings of at least 10 KCS, where their final allocation of the new token is determined by the portion of their average daily KCS holdings against the total average daily KCS holdings by all participating users.
2. Spot Trading Buff: From 12:00:00 on September 2 - 16:00:00 on September 6, 2022 (UTC), participants’ Spot trading volume on KCS, FT, SOL, MATIC, ATOM, AVAX, OP, NEAR, DOT, FLOW will be calculated as Spot Trading Buff, which will increase the KCS holdings exponentially.
3. FT Holding Buff: From 12:00:00 on September 5 to 00:00:00 on September 7, 2022 (UTC), participants who have an average holding amount of at least 30 FT (23th Spotlight project), their KCS holdings will multiply 110% in addition.

To ensure a fair allocation for all participants, there will be a set hard cap for the token allocation per user.

1. Token Sale Subscription Start Time: 12:00:00 on September 5, 2022 (UTC)
2. Token Sale Subscription End Time: 00:00:00 on September 7, 2022 (UTC)

* Hard Cap: The max number of tokens you will receive.

The Shares of Qualified Users Will Receive

(User’s KCS holdings * Spot Trading Buff / Total KCS holdings with Spot Trading Buff of all participants) * Total Spotlight Allocation (6,000,000 MC)

* If participants’ average FT (23th Spotlight project) holding amount is more than 30, the shares will multiply *110%.

Spot Trading Buff Coefficient Breakdown:

According to the tokens which participants trade, KuCoin will calculate the trading volume with different coefficients: